Asian Energy Services Limited has informed the Exchange about Show Cause Notice received on 28th September, 2025 from the Office of the Assistant Commissioner, CGST Division Vaishali Nagar, Jaipur).
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Asian Energy Services Limited has received a Show Cause Notice dated 28th September 2025 from the Office of the Assistant Commissioner, CGST Division Vaishali Nagar, Jaipur, issued in FORM GST DRC-01. The notice pertains to an alleged Input Tax Credit (ITC) mismatch of INR 1.03 Crore for Financial Year 2021-22. The company has stated that there is no material impact on its financial or operational activities. It plans to respond to the notice within the prescribed timeline and is confident that the demand raised is unwarranted and will be reversed upon due consideration.
The notice involves a relatively small tax demand of INR 1.03 Crore and the company has explicitly stated no material financial or operational impact. Investors should monitor the company's response, but the immediate impact on the stock is likely limited unless the demand escalates materially.